Coronavirus relief pushing U.S. deficits to staggering heights

Washington • Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end.One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls hitting levels that would have been unthinkable just a few decades ago.It's a fiscal stranglehold that is likely to persist for a generation, with debt levels having passed the point of easy return